Nonprofit · EIN 58-1767810
PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
Tax-exempt · BATON ROUGE, LA 70808
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,483,977 | $4,163,749 | $320,228 | $29,642,935 | $7,473,585 | $22,169,350 |
| June 30, 2024 | 990 | $5,834,269 | $3,927,570 | $1,906,699 | $29,530,991 | $7,740,985 | $21,790,006 |
| June 30, 2023 | 990 | $4,845,894 | $4,067,974 | $777,920 | $26,184,075 | $7,725,097 | $18,458,978 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,558,960
- of which government grants
- $610,787
- Program service revenue
- $963,005
- Investment income
- $1,792,035
- Royalties
- $15,724
- Net gain from sales of assets
- $888,746
- Net income from fundraising events
- $118,369
- Other revenue
- $169,977
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $516,268
- Salaries, compensation and benefits (total)
- $1,717,545
- Professional fundraising fees
- $0
- Legal fees
- $15,335
- Accounting fees
- $43,100
- Occupancy
- $238,656
- Travel
- $92,204
- Depreciation
- $3,670
- Program services (functional)
- $2,627,598
- Management and general (functional)
- $520,380
- Fundraising (functional)
- $1,015,771
Balance sheet and other
- Total assets, start of year
- $29,530,991
- Total assets, end of year
- $29,642,935
- Total liabilities, end of year
- $7,473,585
- Net assets, end of year
- $22,169,350
- Land, buildings and equipment
- $20,158
- Publicly traded securities
- $21,272,888
- Net assets without donor restrictions
- $2,359,986
- Net assets with donor restrictions
- $19,809,364
- Gross unrelated business income
- $864
- Gross receipts
- $13,462,038
- Employees
- 12
- Volunteers
- 50
- Year formed
- 1988
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIANNA BARRETT | CHIEF DEVELOPMENT OFFICER Officer | 40 | $244,430 | $12,348 |
| ANDRE GREENE | CHIEF FINANCIAL OFFICER (THRU 11/24) Officer | 40 | $158,523 | $6,579 |
| JANET L OLSON | PRESIDENT/CEO Officer | 40 | $94,208 | $0 |
| ANN WILKINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNETTE D BARTON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ARTHUR E FAVRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| C KRIS KIRKPATRICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES LAMAR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTEL C SLAUGHTER PHD | BOARD MEMBER (THRU 12/24) Trustee or director | 1 | $0 | $0 |
| CLAUDE B PENNINGTON III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR JOHN KIRWAN PHD | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| FRAN HARVEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GEORGE D NELSON JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOHN SPAIN | BOARD MEMBER (THRU 4/25) Trustee or director | 1 | $0 | $0 |
| LORI MELANCON | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARVIN BORGMEYER | BOARD MEMBER Trustee or director | 1 | $0 |
| MONICA ZUMO | TREASURER Trustee or director, Officer | 1 | $0 |
| PAULA P DE LA BRETONNE | BOARD MEMBER Trustee or director | 1 | $0 |
| REBECCA BONIOL | EX-OFFICIO Trustee or director | 1 | $0 |
| SHARON WESTON BROOME | EX-OFFICIO Trustee or director | 1 | $0 |
| SID EDWARDS | EX-OFFICIO Trustee or director | 1 | $0 |
| TOM EASTERLY | BOARD MEMBER Trustee or director | 1 | $0 |
| VENEETH IYENGAR | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM TATE IV | EX-OFFICIO Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REBECCA SCHUTTE | PRESIDENT/CEO (THRU DEC 2023) Officer | 40 | $170,987 | $33,885 |
| ANDRE GREENE | INTERIM PRESIDENT/CEO THRU MAY Officer | 40 | $142,824 | $19,900 |
| BRIANNA BARRETT | CHIEF DEVELOPMENT OFFICER Officer | 40 | $55,353 | $6,935 |
| MARVIN BORGMEYER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAULA P DE LA BRETONNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JS SI BROWN III | BOARD MEMBER (THRU FEB 2024) Trustee or director | 1 | $0 | $0 |
| ARTHUR E FAVRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRAN HARVEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS HASKEW | BOARD MEMBER (THRU DEC 2023) Trustee or director | 1 | $0 | $0 |
| VENEETH IYENGAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| C KRIS KIRKPATRICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRENT MCCOY | BOARD MEMBER (THRU DEC 2023) Trustee or director | 1 | $0 | $0 |
| CLAUDE B PENNINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARYL B PENNINGTON SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTEL C SLAUGHTER PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN SPAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANN WILKINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN WILLIAMS MD | BOARD MEMBER (THRU DEC 2023) Trustee or director | 1 | $0 | $0 |
| REBECCA BONIOL | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| SHARON WESTON BROOME | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| SID EDWARDS | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| DR JOHN KIRWAN PHD | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| LORI MELANCON | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| JAKE L NETTERVILLE | EX-OFFICIO (THRU DEC 2023) Trustee or director | 1 | $0 | $0 |
| WILLIAM TATE IV | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| MARY WERNER | EX-OFFICIO (THRU MAY 2024) Trustee or director | 1 | $0 | $0 |
| JANET L OLSON | INTERIM PRESIDENT/CEO Officer | 40 | $0 | $0 |
| GEORGE D NELSON JR | CHAIRPERSON Officer | 1 | $0 | $0 |
| CHARLES LAMAR | VICE CHAIR Officer | 1 | $0 | $0 |
| ANNETTE D BARTON | SECRETARY Officer | 1 | $0 | $0 |
| MONICA ZUMO | TREASURER Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REBECCA SCHUTTE | PRESIDENT/CEO Officer | 40 | $193,568 | $17,888 |
| ANDRE GREENE | CFO Officer | 40 | $141,531 | $15,162 |
| ADAM KNAPP | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| ANN WILKINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNETTE D BARTON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ARTHUR E FAVRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| C BRENT MCCOY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| C KRIS KIRKPATRICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES W LAMAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS HASKEW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTEL C SLAUGHTER PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLAUDE B PENNINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARYL B PENNINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRAN HARVEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GEORGE D NELSON JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| J GERARD JERRY JOLLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JS SI BROWN III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAKE L NETTERVILLE | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| JANET L OLSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN KIRWAN PHD | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| JOHN SPAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN WILLIAMS MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARVIN BORGMEYER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY WERNER | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| MAXINE CORMIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MONICA ZUMO | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAULA P DE LA BRETONNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHARON WESTON BROOME | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| VENEETH IYENGAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLIAM TATE IV | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6400 PERKINS RD, BATON ROUGE, LA 70808-4124
- In care of
- % BRAD JEWELL
- Principal officer (990 for 2024)
- JANET OLSON, 6400 PERKINS ROAD, BATON ROUGE, LA 70808
- Signed the 990
- JANET OLSON, CEO
- Phone
- (225) 763-2500
- Website
- WWW.PBRF.ORG
- Return prepared by
- EAG GULF COAST LLC
Mission
THE MISSION OF THE PENNINGTON BIOMEDICAL RESEARCH FOUNDATION IS TO SUPPORT THE WORK OF LSU'S PENNINGTON BIOMEDICAL RESEARCH CENTER, WHICH AIMS TO DISCOVER THE TRIGGERS OF CHRONIC DISEASES THROUGH INNOVATIVE REASEARCH THAT IMPROVES HUMAN HEALTH.
Program accomplishments
- PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES ANNUAL FUNDING TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR ENDOWED CHAIRS, PROFESSORSHIPS, AND POSTDOCTORAL FELLOWSHIPS. THIS FUNDING SUPPORTS FACULTY SUPPLEMENTS, RESEARCH EQUIPMENT, SUPPLIES, TRAVEL, AND OTHER VITAL RESEARCH COSTS. THE FOUNDATION MAINTAINS 9 ENDOWED CHAIRS, 6 ENDOWED PROFESSORSHIPS, AND 2 ENDOWED POSTDOCTORAL FELLOWSHIPS.Expenses $651,959
- PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES FUNDING TO THE PENNINGTON BIOMEDICAL RESEARCH CENTER FOR SPECIFIC RESEARCH PROJECTS, INCLUDING BUT NOT LIMITED TO THOSE RELATED TO THE INSTITUTE FOR DEMENTIA RESEARCH & PREVENTION, CHILDHOOD OBESITY & PUBLIC HEALTH, DIABETES, AND OBESITY.Expenses $1,905,317 · revenue $998,889
- PENNINGTON BIOMEDICAL RESEARCH FOUNDATION PROVIDES THE PENNINGTON BIOMEDICAL RESEARCH CENTER WITH PROGRAMMATIC FUNDING FOR THREE MAJOR AREAS: PRIORITY RESEARCH PROGRAMS THAT ADDRESS THE URGENT SCIENTIFIC NEEDS OF ITS RESEARCH ENTERPRISE, DEPLOY PROACTIVE BUSINESS DEVELOPMENT IN AN EFFORT TO ENHANCE REVENUE GENERATION TO PROVIDE LONG-TERM FINANCIAL STABILITY AND HEALTH, AND POSITION THE RESEARCH CENTER AS THE WORLD LEADER IN OBESITY AND CHRONIC DISEASE THROUGH A TARGETED COMMUNICATIONS AND BRANDING INITIATIVE.Expenses $70,322
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1767810
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H92Z)
- Assets (IRS master file)
- $29,642,935
- Income (IRS master file)
- $13,462,038
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,483,977 | $4,163,749 | $29,642,935 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $5,834,269 | $3,927,570 | $29,530,991 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,845,894 | $4,067,974 | $26,184,075 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $5,462,788 | $6,271,883 | $29,937,917 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1767810).
Questions about PENNINGTON BIOMEDICAL RESEARCH FOUNDATION
- What is the EIN of PENNINGTON BIOMEDICAL RESEARCH FOUNDATION?
- The employer identification number (EIN) of PENNINGTON BIOMEDICAL RESEARCH FOUNDATION is 58-1767810.
- Is PENNINGTON BIOMEDICAL RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to PENNINGTON BIOMEDICAL RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENNINGTON BIOMEDICAL RESEARCH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PENNINGTON BIOMEDICAL RESEARCH FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNINGTON BIOMEDICAL RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PENNINGTON BIOMEDICAL RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 names JANET OLSON.
- Who are the officers and directors of PENNINGTON BIOMEDICAL RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 3 received compensation from the organization, the highest $244,430 (BRIANNA BARRETT, CHIEF DEVELOPMENT OFFICER).
- How much revenue does PENNINGTON BIOMEDICAL RESEARCH FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,483,977, expenses of $4,163,749 and total assets of $29,642,935 at year end.
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